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Shankara Building Products Ltd IPO (SBPL IPO) Details

Shankara Building Products Ltd IPO (SBPL IPO) Details - Apply IPO

Shankara Building Products Ltd IPO (Shankara Buildpro/SBPL IPO) Details:

Shankara Building Products Ltd engages in the retail of home improvement and building products in India. The company offers structural steel, cement, thermo mechanical treatment bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing products, tiles, sanitary ware, water tanks, plywood, kitchen sinks, and lighting and other allied products.

As of September 24, 2016, it operated 100 Shankara BuildPro stores covering the end-user segments of urban and semi-urban markets in Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Tamil Nadu, Telangana, and Puducherry. The company also manufactures, assembles, processes, trades in, imports, exports, or deals in a range of steel sheets, steel roofing sheets, walling products, accessories, and steel structures and purlins used for construction of various types of building structures, as well as steel pipes, tubes and pipe fittings, and iron and steel and allied products; and engages in general hardware and general wholesale trading activities.

It serves home owners, architects and contractors, and small enterprises; and housing, general engineering, automotive, renewable energy, agriculture, and construction and infrastructure sectors. The company was formerly known as Shankara Infrastructure Materials Limited and changed its name to Shankara Building Products Ltd in July 2006. Shankara Building Products Limited was founded in 1995 and is headquartered in Bengaluru, India.

OBJECTS OF THE ISSUE:

The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

Company will not receive any proceeds from the Offer for Sale.

Requirement of funds

Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:

  1. Repayment or pre-payment of loans of our Company and VPSPL;
  2. General corporate purposes.

Shankara Building Products Ltd IPO (SBPL IPO) Details:

  1. Issue Open: March 22, 2017 – March 24, 2017 (Tentative dates)
  2. Issue Type: 100% Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size:  75,00,000 Equity Shares of Rs 10 aggregating up to Rs 345 Cr
  5. Issue Price: Rs 440 – Rs 460 Per Equity Share
  6. Market Lot: 32 Shares
  7. Minimum Order Quantity: 32 Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Shankara Building Products Ltd IPO (SBPL IPO):

IDFC Bank Limited

Naman Chambers C-32, G Block

Bandra Kurla Complex,

Bandra (East) Mumbai 400 051

Tel: +91 22 6622 2600 Fax: +91 22 6622 2501

E-mail: shankara.ipo@idfcbank.com

Investor Grievance E-mail: mb.ig@idfcbank.com

Equirus Capital Private Limited

12th Floor, C Wing, Marathon Futurex N.M. Joshi Marg,

Lower Parel Mumbai 400 013

Tel: +91 22 4332 0600 Fax: +91 22 4332 0601

E-mail: shankara.ipo@equirus.com

Investor Grievance E-mail: investorsgrievance@equirus.com

HDFC Bank Limited

Investment Banking Group

Unit No 401& 402, 4th floor,

Tower B Peninsula Business Park

Lower Parel, Mumbai 400 013

Tel: +91 22 3395 8015 Fax: +91 22 3078 8584

E-mail: shankara.ipo@hdfcbank.com

Investor Grievance E-mail: investor.redressal@hdfcbank.com

REGISTRAR TO THE OFFER of Shankara Building Products Ltd IPO (SBPL IPO):

Karvy Computershare Private Limited

Karvy Selenium Tower B Plot 31-32,

Gachibowli Financial District,

Nanakramguda Hyderabad 500 032

Tel: +91 40 6716 2222 Fax: +91 40 2343 1551

E-mail: einward.ris@karvy.com

Investor Grievance E-mail: shankara.ipo@karvy.com

Shankara Building Products Ltd IPO (SBPL IPO) Draft Red Herring Prospectus (DRHP):

Shankara Building Products IPO (SBPL IPO) Prospectus

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  1. Shankara Building Products Ltd IPO: You Must Know

    Hightlights:
    1. Shankara Building Products is one of India’s leading organised retailers of home improvement and building products in India.
    2. IPO will Open on Mar 22, 2017 and close on 24, March,2017.
    3. Fresh Issue of Rs. 45 crores & Offer for sale of 816252 shares.
    4. Issue Price is in between Rs. 440 – Rs. 460 Per Equity Share.

    Shankara Building Products Ltd IPO Details:
     Issue Open: Mar 22, 2017
     Issue will close on – Mar 24, 2017
     Issue Type: Book Built Issue IPO
     Issue Size:
    Fresh Issue of Rs. 45 crores.
    Offer for sale of 816252 shares by the Promoter and 5705488 shares by selling shareholders.
     Face Value: Rs 10 Per Equity Share
     Issue Price: Rs. 440 – Rs. 460 Per Equity Share
     Market Lot: 32 Shares
     Minimum Order Quantity: 32 Shares
     Listing At: BSE, NSE

    6. Category-wise Break up:
     Anchor – 22,50,000 Shares = 103.50Crs.
     Net QIB – 15,00,000 Shares = 69.00Crs
     NII – 11,25,000 Shares = 51.75Crs
     RII – 26,25,000 Shares (82,031 Forms) = 120.75Crs. (Lot size = 32)

  2. Shankara Building Products IPO: Facts You must Consider before Investing in

    1. Low revenue growth at 6.4% CAGR.
    2. Although, company earns thousands of crores of revenue, but it just earns 0.6% as profits. This small profit can be eliminated with just a small %age of increase of cost.
    3. Success of a company depends on the value, perception and product quality associated with its retail stores.
    4. Any negative publicity of its products, its retail stores or its processing facilities may adversely impact its brand equity, sales and results of operations.
    5. Success of a company depends upon its ability to attract, develop and retain trained store representatives while also controlling its labour costs.
    6. They are subject to payment-related risks that could increase its operating costs, expose them to delays, fraud, and litigation, subject us to potential liability and potentially impact the goodwill of its stores.
    7. This company had instances of non-compliances in relation to regulatory filings to be made with the RoC and the RBI under applicable law.
    8. Uncertainty regarding the housing market, real estate prices, economic conditions and other factors beyond its control could adversely affect demand for its products and services. Its cost of doing services and its financial performance would also affect.
    9. They do not have definitive agreements with a majority of its vendors for supply of its raw materials and retail products which may adversely affect its business and results of operations.

  3. Hy This is a very informative post thanks for shearing this with us

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